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1.Developing regional governance structures and institutions.
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2.Enabling regional electricity trade.
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3.Identify regional investments & innovative financing solutions.
Following the signing of the MOU by Arab Ministers of Electricity/Energy in 2017, the League of Arab States, as a regional champion, has launched a multidisciplinary and integrative scope of support to create the building blocks of a Pan-Arab Electricity Market for shared technical economical, and financial benefits. The League of Arab States worked closely with the World Bank and the Arab Fund for Social and Economic Development, as the trusted developing partners, to push this important agenda forward.
Existing grids in the Pan-Arab are mainly sub-regional and fragmented (as of 2018)
Future 2035 Grid Vision is Integrated as Identified by the World Bank VOTRI Report
5-7% av. annual utilization of existing cross-border lines
US $71 billion
In total system cost savings
if existing cross-border lines utilized by 36% in 2020-2035.
Average exported gas subsidy
US $11.7 billion
annually in 2020-2035
Countries need to develop and agree on trade pricing approaches to promote “commercial trade”.
Limited Market liquidity is hindering utilization of existing lines
US $23 billion
untapped value of trade opportunities when no transparency & trade market is limited to SOEs.
10 new interconnections
for reliable bulk electricity trade and secure Pan-Arab grids.
15 reinforcement projects
for maximum trade potential among connected countries.
18 GW
$7.1bn.
$5B
Benefit-to-Cost
192 GW